Graham Partners Layers on Another Add-on to Its Abrisa Glass Platform
July 12th, 2007
PHILADELPHIA, July 12, 2007 – Technological innovation is driving strong demand for precision-engineered glass components that are increasingly being designed into a wide variety of products, including electronics, optical, industrial, and lighting applications. Abrisa Glass & Coatings — a portfolio company of Graham Partners, a leading private equity firm focused on investing in mid-sized manufacturing companies — has expanded its leadership position in this specialty, niche precision flat glass market by acquiring ZC&R Coatings for Optics. With this acquisition, Abrisa continues its strong growth in the optics industry and expands its capabilities in coatings. Serving a diversified customer base, Abrisa holds a strong market position in critical, highly specialized fabricated glass components, which is synergistic with ZC&R’s expertise and strengths. ZC&R brings to Abrisa extremely reliable precision coatings for a wide range of applications supporting Abrisa’s goal towards growth and innovation.
Headquartered in Torrance, California, ZC&R has built an excellent reputation as a high-quality specialty custom glass coatings provider. Robert Cabrera, in addition to other key employees of ZC&R, will continue to remain actively involved as part of Abrisa’s team going forward. ZC&R’s customers and suppliers will benefit from their continued relations with ZC&R staff and from Abrisa’s expanded resources, including manufacturing and stringent quality standards.
“ZC&R is a perfect complement to Abrisa’s current glass fabrication offering, enabling the combined business to deliver a more comprehensive offering to customers that covers a range of critical glass processing technologies,” said Christina Morin, a Managing Principal at Graham Partners.
“ZC&R is an outstanding addition to Abrisa, and I am excited about the expanded capabilities that we can provide to our customers.” said Terry O’Neal, CEO of Abrisa. “ZC&R has an excellent team that is focused on their customers’ specific needs and we will supplement that with Abrisa’s commitment to quality and safety.”
“Merging with a world-class company such as Abrisa is an exciting advancement for ZC&R and our customers. ZC&R and Abrisa each have at their core a commitment to quality and efficiency that have made us industry leaders,” stated Robert Cabrera, Vice President and General Manager of ZC&R. “Integration of the two companies will enable new and innovative capabilities creating an excellent foundation for future growth.”
About Abrisa (www.abrisa.com): Headquartered in Santa Paula, California, Abrisa is a leading fabricator of advanced flat glass components whose products are sold to OEMs and contract manufacturers primarily in the markets of optical, electronics, lighting, and industrial applications. Abrisa fabricates a broad array of glass components by applying a variety of value-added processes and chemical treatments to meet project specifications, application requirements, and quality standards. With a strong presence in these markets, Abrisa is poised to respond at an innovative and enhanced level to meet each customer’s parameters from prototype to production.
About Graham Partners (www.grahampartners.net): Graham Partners is a leading, lower middle market industrial private equity firm based in suburban Philadelphia with over $850 million under management. Graham Partners is sponsored by the privately held Graham Group of York, Pennsylvania, an industrial and investment concern with global interests in plastics, packaging, machinery, building products and outsource manufacturing. Graham Partners seeks to acquire industrial companies with revenues between $20 million and $350 million that participate in manufacturing niches where it can leverage its unique combination of operating resources and financial expertise.
FOR FURTHER INFORMATION CONTACT:
Christina Morin (email@example.com)
Tel: (610) 408-0500 / Fax: (610) 408-0600